Forestry company Domtar Corp. says it will permanently close its fine paper manufacturing sector at its Plymouth, North Carolina mill, cutting 185 jobs.
Domtar president and CEO John Williams said Thursday that the cuts are a result of adverse economic conditions and the decline of fine paper orders.
The streamlining comes as the Montreal-based company reported a net loss of $676 million for the fourth quarter, compared with a net loss of $26 million for the same 2007 quarter.
Domtar said the Plymouth North Carolina mill will continue to operate two pulp lines, one pulp dryer and one paper machine.
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